Press Release

NEW YORK, March 6 /PRNewswire/ -- In response to the statement issued
yesterday by Northeast Utilities, Consolidated Edison, Inc. (NYSE: ED) issued
the following statement:

"Con Edison announced today that, in response to Northeast Utilities
action, Con Edison has filed suit in the Federal District Court in the
Southern District of New York seeking a declaratory judgment that Northeast
Utilities has failed to satisfy conditions precedent under the merger
agreement. These violations include, among other things, uncovered supply
obligations at Select Energy that pose "a significant risk"(1) and prospects
in Northeast Utilities' unregulated businesses."